Location: Lincoln County, WY | Metro: Lincoln County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The rent math in ZIP 83110 does not favor landlords. The Fair Market Rent (FMR) set at $960 for the fiscal year 2026 is higher than the current market rent of $778 according to the Census ACS data. However, this discrepancy alone does not guarantee profitability; it must be balanced against operational costs and vacancy rates.
Acquisition in ZIP 83110 is relatively affordable. With a median home value of $477,229, potential investors can find properties that fit within their budget. The data indicates that homes are not typically subject to lengthy days on market (DOM), nor do they often require price cuts to sell, as evidenced by the 0.2% price-cut share. This suggests that property acquisition could be straightforward without the need for significant negotiation or waiting periods.
Tenant demand is present but not overwhelming. ZIP 83110 has a total population of 5,198, with 30.2% being renters. This translates to approximately 1,569 individuals who might be interested in renting properties. Given the smaller population size, competition among rental properties could be intense, affecting occupancy rates and potentially driving down rents.
In summary, while the acquisition of properties in ZIP 83110 appears financially feasible due to the median home value and lack of extended DOM or frequent price reductions, the rent math is currently unfavorable. Tenant demand exists but is limited by the small population size. Landlords and small-portfolio investors should carefully consider these factors before entering the market in this area.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.